Chewy, Inc. (NYSE:CHWY) Shares Sold by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC lessened its holdings in Chewy, Inc. (NYSE:CHWY - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 479,520 shares of the company's stock after selling 420,480 shares during the period. Chewy makes up 0.9% of Ghisallo Capital Management LLC's investment portfolio, making the stock its 20th largest position. Ghisallo Capital Management LLC owned 0.12% of Chewy worth $16,059,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after purchasing an additional 444 shares during the last quarter. Blue Trust Inc. lifted its stake in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after acquiring an additional 320 shares in the last quarter. Allworth Financial LP lifted its stake in Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company's stock worth $71,000 after acquiring an additional 650 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Chewy during the 3rd quarter worth about $63,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Chewy during the 4th quarter worth about $86,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JMP Securities decreased their target price on Chewy from $40.00 to $39.00 and set a "market outperform" rating on the stock in a research note on Monday, April 14th. Mizuho increased their target price on Chewy from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, March 27th. Citigroup increased their target price on Chewy from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. cut their price target on Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Argus upgraded Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.47.

Insider Transactions at Chewy

In other news, CEO Sumit Singh sold 8,552 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total value of $285,209.20. Following the completion of the transaction, the chief executive officer now owns 62,096 shares in the company, valued at $2,070,901.60. This trade represents a 12.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Reeder sold 307,558 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the completion of the transaction, the chief financial officer now owns 546,257 shares of the company's stock, valued at $20,473,712.36. This represents a 36.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,907 shares of company stock valued at $16,529,750 in the last ninety days. 2.10% of the stock is currently owned by company insiders.

Chewy Stock Performance

Chewy stock traded down $0.90 during mid-day trading on Thursday, reaching $36.60. 3,008,692 shares of the company were exchanged, compared to its average volume of 7,365,625. Chewy, Inc. has a twelve month low of $14.85 and a twelve month high of $40.09. The firm's 50-day simple moving average is $34.08 and its two-hundred day simple moving average is $33.91. The firm has a market cap of $15.14 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.20 billion. The company's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. As a group, equities research analysts anticipate that Chewy, Inc. will post 0.24 EPS for the current year.

Chewy Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.